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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (27079)	8/8/2000 11:47:41 AM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Looks like we are breaking from a triangle on the 15-min SPOO e-mini. Interesting to note this comes at a buy signal in the 135-min time frame. For extended an congestion in the market, this is the place I sometimes look at (along with the 45-min time frame) for indications on what the market may end up doing later in the day even though the route it takes may involved detours. It appears to be working with these new momentum and pullback indicators too. However, the initial breakout from a triangle usually reverses. May be even a fakeout. This still may not invalidate the buy signal in the much larger time frame. So lets see what happens next. update 11:54 PM There was a buy signal on the 3-min time frame that had caused the breakout. This was followed by a buy signal on the 1-min time frame. Hmmm...if this market starts trending strongly again, we may only get a whipsaw instead of a price reversal. We shall see. Bob Graham